How commercial papers provide a lifeline for corporates seeking cash

Nigerian lenders are now cautious to provide credit to private sector as risk of default elevates given the tepid posture of Africa’s biggest economy. Figures from the National Bureau of Statistics revealed that total bank credit to private sector slumped by 2.54 percent to N61.67 trillion in 2018 compared with N63.28 trillion in 2017. Also,…

Business Day, established in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It circulates in Nigeria and Ghana